SINGAPORE: Spot gold fell on Monday, retreating from a more than 3 percent rise in the previous session when the U.S. Federal Reserve Chairman Ben Bernanke raised hopes that the central bank could consider further stimulus measures to spur the economy.
FUNDAMENTALS
Spot gold fell 0.7 percent to $1,815.16 an ounce by 0035 GMT.
U.S. gold gained 1.2 percent to $1,818.80.
U.S. Federal Reserve Chairman Ben Bernanke on Friday stopped short of detailing further action to boost the economy but said the central bank would consider what more it could do to fight high unemployment.
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